american econoy needs and language. ah reg with regard to illegalill immigration i think the rule ofr law remains the best way way of making sure that people don't come into the country illegally. the risk of an amnesty, and we are talking of an imigration reform, that is basically all the are talking about, unfortunately, is amnesty. every amnesty, weather in europe or the united states, has had the effect of attracting more people into e country illegally in the hope of a future amney. lou: years ago i started talking about a rational, effective, humane immigration policy that would take into account all of the concerns about displacement of those who were in this country illegally, due process, make a determination about how work permits and legal status was coferred. that is not enough. the activist groups in this country insist upon one thing, and it is a remarkable demand in my eyes that they insist upon amnesty, and this president is insisting upon amnesty. what is your reaction? >> well, what i worry about most , immigration advocates is not amnesty, but the incredibly successful

-team" coming up next. obamacare, the law of the land. not so fast. a lot of governors are saying, it's your lot. you enforce it. what it all means in tonight's "chalk talk". the billionaire verses the tax master. warren buffett takes on grover norquist. who is right? former cbo director douglas cosecant joins us next. ♪ lou: well, we are going to be assessing what is happening with the fiscal cliff, negotiations, talks tomorrow waste of time between the principal so-called in washington d.c. talking with former congressional budget office director douglas hopes he can hear in moments. first the "moneyline". lori ruined the day on wall street. concerns about the deep discounts being offered by retailers on black friday. worries about the fiscal cliff, greece of combining for a market that pretty much went nowhere today. the dow jones industrials down 42. as into down treatment nasdaq rose ten. the sixth day in a row in which the nasdaq has gained. light trading on the big board. concerns about increases in taxes on dividends for the high-yield dividend stocks of late. today at&t and verizon do

and the future of the republican party with the "a-team" coming up next. obamacare, the law of the land. not so fast. a lot of governors are saying, it's your lot. you enforce it. what it all means in tonight's "chalk talk". the billionaire verses the tax master. warren buffett takes on grover norquist. who is right? former cbo director douglas cosecant joins us next. okay, that looks great... [ camera flash ] were you profitable last m mont? how much money is in your checking account? have the browns paid you for their addition yet? your finances are scattered all over the place. what are your monthly expenses? you keep your receipts in plastic baggies? seriously? [ announcer ] get it done and get it off your mind... with quickbooks. organize your small business finances... all in one place. quickbooks pulls in information from other sources. evennline banking and customer information. visit tryqckbooksfree.com today to start for free. and now your business can be at your fingertips, anywhere, with the convenient mobile app. from creating customized invoices, to tracking sales and expenses, qu

. the only perfect law i know was carried down a mountain by senator moses. lou: what should be positive words for republicans tempered by the fact that senator durbin has no standing as the president's representative in the negotiation, and harry reid is telling a far different stories. john boehner and his caucus, the target, again, of senator reid's blame game. the senate majority leader insistent that republicans are the only onee in the way of the deal. reid asked point blank what the first thing would be, and he offered this curious answer. >> well, remember, we've already done more than a billion dollars worth of cuts. we've already done that. we need to get some credit for that and the negotiations that take place. lou: meanwhile, according to the white house, everything is not on the table, the table that a president is not scheduled to be seated at. carney confirmed that president obama will not find any extension of the bush tax cuts for the top 2% of the earners in the nation, and a look at the president's schedule for the remainder of this week shows nothing in the way of ne

briefings where nation's top intelligence officials, and law enforcement officials were broughting in, including james clapper who is overall manager of the intelligence quality, -- community and cold lawmakers -- told lawmakers he did not know who was responsibility for the stripping out, and he promised an answer this monday this week, a reversal from clapper's was on saying they were the one that made the statement, 24 hours later ambassador rice saying she got her information, that this problematic information, from james clapper's office. and all of this, as you note is going to get buried on a holiday weekend, when many americans are travelling on the road, and they are not pay attention. to this media and the developments. lou: well katherine we know one thing, it will not get married because of your excellent excellent reporting here on fox, colleague jennifer griffin, you both outstanding work. we appreciate. i want to point out one thing to audience, your reaction, this would make by my account the fourth reversal conhav contradi, by the obama they have reversed themselves o

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